Last version published: 04/04/2019 14:27
Publication number: ELQ-94619-9
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Medical Practice Business Plan Financial Model Excel Template
Starting a Medical Practice? That's where Medical PracticeBusiness Plan Financial Model Template comes to get you there.
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The purpose of the healthcare medical practice financial model is to provide the user with a useful tool to craft an effective strategy for business development and understand, whether the business idea is profitable or not.
The main purposes of the Medical Practice financial model:
- to calculate overall costs of specialized medical practice launch;
- to calculate expenses on salaries and wages of medical practice workers;
- to calculate expenses on equipment, suppliers, management, education, and advertising;
- to estimate costs of debt and time needed to loan back;
- to calculate an average number of visits within a certain area (population);
- to estimate prices for each procedure;
- to find the main hospital/clinic financial performance indicators;
- to craft an effective strategy for business development.
It is a generic template so the user will need to tailor the expense assumptions and revenue inputs to their own needs
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